Alaethes Wealth LLC Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Alaethes Wealth LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,055 shares of the company's stock, valued at approximately $1,854,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. purchased a new position in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC purchased a new position in shares of DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC acquired a new stake in shares of DoorDash during the 4th quarter worth about $36,000. Finally, IFP Advisors Inc lifted its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the transaction, the chief financial officer now directly owns 337,430 shares in the company, valued at approximately $63,173,644.60. This represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company's stock, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock valued at $30,394,673 in the last ninety days. 7.92% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on DASH shares. Wedbush raised their price objective on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Bank of America cut their price target on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. Roth Mkm upped their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Finally, FBN Securities began coverage on DoorDash in a research report on Friday, March 28th. They issued an "outperform" rating and a $230.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $209.66.

DoorDash Stock Performance

NASDAQ:DASH opened at $205.09 on Friday. DoorDash, Inc. has a 1 year low of $99.32 and a 1 year high of $215.25. The stock has a fifty day moving average price of $185.50 and a two-hundred day moving average price of $179.38. The stock has a market capitalization of $86.16 billion, a price-to-earnings ratio of 759.59 and a beta of 1.69.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.

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